RTL Group (OTCMKTS:RGLXY) Trading Up 8.4% – Here’s Why

RTL Group S.A. (OTCMKTS:RGLXY)’s share price was up 8.4% during trading on Tuesday . The company traded as high as $4.25 and last traded at $4.25. Approximately 242 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 2,129 shares. The stock had previously closed at $3.92.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of RTL Group in a report on Tuesday, October 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

RTL Group Stock Up 8.4%

The firm has a fifty day moving average price of $3.73 and a 200-day moving average price of $3.88.

RTL Group Company Profile

RTL Group is a leading European entertainment network headquartered in Luxembourg, specializing in broadcasting, content production and digital streaming services. The company operates a broad portfolio of free-to-air and pay-TV channels across key European markets, including RTL in Germany, M6 in France, RTL Belgium, RTL Nederland, RTL Croatia, and RTL Hungary. It also maintains a diverse radio division, offering local radio stations in Belgium, Germany and Luxembourg, supported by an integrated advertising sales network.

In addition to its core broadcasting activities, RTL Group encompasses Fremantle, one of the world’s largest content production and distribution companies.